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Indiabulls Housing Finance raises 21.69B rupees in debenture offering

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Indiabulls Housing Finance raises 21.69B rupees in debenture offering

Indiabulls Housing Finance Ltd. raised 21.69 billion rupees through the issuance of secured nonconvertible debentures on a private placement basis.

The issuance comprised five options covering 10 billion rupees of 18-month debentures with an annual coupon of 8.75%; 10 billion rupees of debentures with a tenor of nine years and six months, and annual coupon of 8.957%; 250 million rupees of 1,389-day debentures with an annual coupon of 8.8407%; 440 million rupees of 1,029-day debentures with an annual coupon of 8.3873%; and 1 billion rupees of 1,802-day debentures with an annual coupon of 8.80%.

The redeemable bonds are set to be listed on the National Stock Exchange of India and the BSE, according to an Aug. 21 release.

As of Aug. 21, US$1 was equivalent to 69.85 Indian rupees.